Economic calendar (GMT0):

01:35 Japan Manufacturing PMI June 49.9 51.1

01:45 China HSBC Manufacturing PMI (Preliminary) June 49.4 49.7 50.8

03:00 New Zealand Credit Card Spending May +3.2% +7.5%

06:00 Japan BOJ Governor Haruhiko Kuroda Speaks

06:58 France Manufacturing PMI (Preliminary) June 49.6 49.6 47.8

06:58 France Services PMI (Preliminary) June 49.1 49.5 48.2

07:28 Germany Manufacturing PMI (Preliminary) June 52.3 52.7 52.4

07:28 Germany Services PMI (Preliminary) June 56.0 55.8 54.8

07:58 Eurozone Manufacturing PMI (Preliminary) June 52.2 52.2 51.9

07:58 Eurozone Services PMI (Preliminary) June 53.2 53.4 52.8

08:30 United Kingdom BOE Credit Conditions Survey

The U.S. dollar traded higher against the most major currencies ahead of the U.S. manufacturing purchasing managers' index and existing home sales. The U.S. manufacturing purchasing managers' index should decline to 56.1 in June from 56.4 in May.

The existing home sales in the U.S. should rise to 4.74 million units in May after 4.65 million units in April.

The euro traded lower against the U.S. dollar after the weaker-than-expected data from the Eurozone. Eurozone's manufacturing purchasing managers' index dropped to 51.9 in June from 52.2 in May. Analysts had expected the index to remain unchanged.

Eurozone's services PMI fell to 52.8 in June from 53.2 in May, missing expectations for an increase to 53.4.

Germany's manufacturing PMI climbed to 52.4 in June to from 52.3 in May, but missing expectations for a gain to 52.7.

Germany's services PMI declined to 54.8 in June from 56.0 in May. Analysts had forecasted a decrease to 55.8.

The French manufacturing PMI fell to 47.8 in June from 49.6 in May. Analysts had expected the index to remain unchanged.

The French services PMI decreased to 48.2 in June from 49.1 in May, missing expectation for an increase to 49.5.

The British pound traded lower against the U.S. dollar. The Bank of England (BoE) released its latest Credit Conditions Survey on Monday. The BoE said that the demand for secured lending for house purchases and demand for corporate credit rose significantly in the second quarter. The BoE also said the demand for secured lending from household and corporates should rise in the third quarter. The BoE added that banks expect mortgage approvals to decrease significantly in the third quarter.

EUR/USD: the currency pair declined to $1.3573

GBP/USD: the currency pair decreased to $1.7005

USD/JPY: the currency pair declined to Y101.81

The most important news that are expected (GMT0):

13:43 U.S. Manufacturing PMI (Preliminary) June 56.4 56.1

14:00 U.S. Existing Home Sales May 4.65 4.74